Oracle Corp. has sent a force majeure notice to a unit of Blue Owl Capital over Project Jupiter, the New Mexico data center at the center of the Stargate AI build-out. This contractual clause is invoked when a company believes that unavoidable events will delay completion of the work, which seems to be Oracle’s opinion of its troubled data center project.
\n\nBloomberg reports that the notice doesn’t mean Oracle is walking away as the project’s main tenant. According to the sources, Oracle is trying to buy itself room to delay payments if the data center doesn’t come online in 2028 as planned. If both sides agree that a force majeure event tied to power commitments has occurred, Oracle could secure a three-year delay on rent once payments begin. It would still owe other interim costs, and once rent does start, it would owe for the full lease term.
\n\nOracle played down the move in a statement. “Force-majeure notices are commonplace in developments of this scale and are often used to preserve contractual rights,” a company spokesperson said. “They do not, by themselves, establish a project delay or change delivery expectations.”
\n\nBlue Owl pushed back harder. “This notice does not change…
Original source: https://www.breitbart.com/economy/
